HSBC Reiterates Reduce on Tesla, Maintains $124 Price Target
Portfolio Pulse from Benzinga Newsdesk
HSBC analyst Michael Tyndall has reiterated a 'Reduce' rating on Tesla (NASDAQ:TSLA) and maintained a price target of $124.
October 11, 2024 | 5:33 pm
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HSBC analyst Michael Tyndall has reiterated a 'Reduce' rating on Tesla and maintained a price target of $124, suggesting a bearish outlook.
The reiteration of a 'Reduce' rating and a price target of $124 by HSBC suggests a bearish outlook on Tesla's stock. This could lead to negative sentiment among investors, potentially impacting the stock price negatively in the short term.
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